GitLab Sees FY25 Adj. EPS $0.45-$0.47 Vs $0.36 Est.; Revenue $742M-$744M Vs $736.612M Est.
Portfolio Pulse from Benzinga Newsdesk
GitLab has raised its financial guidance for fiscal year 2025, projecting adjusted EPS between $0.45 and $0.47, surpassing the previous estimate of $0.36. Additionally, GitLab anticipates revenue between $742 million and $744 million, exceeding the earlier estimate of $736.612 million.
September 03, 2024 | 8:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
GitLab has increased its financial guidance for FY25, with adjusted EPS now expected to be between $0.45 and $0.47, higher than the previous estimate of $0.36. Revenue is also projected to be between $742 million and $744 million, surpassing the earlier estimate of $736.612 million.
The upward revision in GitLab's financial guidance for FY25, with both EPS and revenue estimates exceeding previous expectations, is likely to positively impact the stock price in the short term. This indicates strong business performance and growth prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100